THE MONEY: California agri-barons continue to sit atop vast farming empire, running strong pistachio and almond businesses that make up huge chunk of Roll Global fortune. Launched Halos brand of clementines after splitting with partner-turned-rival Sun Pacific following lawsuit.
BUZZ: Value of Roll Global’s nearly 100,000 acres of Central Valley farmland rose, though its revenue increased moderately. No real change to any of it businesses, according to company spokesman. Paramount Citrus spending $100 million to market Halos this year. Popular Wonderful Pistachios brand brought in Stephen Colbert to appear in two Super Bowl spots. Fighting ongoing two-front legal war over pomegranate juice. Case against Coca-Cola Co., over use of “pomegranate” on Minute Maid juice labels when product only contains small amounts of fruit, before Supreme Court. Meanwhile, POM appealing 2013 Washington, D.C., Circuit Court ruling that ads claiming juice could cure specific diseases were deceptive. Suffered legal blow in March when Sacramento judge ruled state Department of Water Resources didn’t properly analyze environmental impacts of Kern Water Bank when Resnicks’ Paramount Farms, along with other private farming entities, gained control of water bank two decades ago. Judge yet to decide who will manage bank and its valuable water until new investigation completed.
$4 billion s2.6%
LAST YEAR: $3.9 billion
AGE: 77 (Stewart)
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Agriculture, retail
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